The David Lin Report · Friday, July 3, 2026
Contrary to expectations, the Mega-Cap 7 stocks have been the laggards within the tech sector year-to-date, according to Sam Roman. Instead, semiconductor and memory stocks, crucial for data center build-outs, have been the primary outperformers. Stocks like Micron, Sandisk, and Applied Materials have significantly contributed to the index's performance.
“You know, actually ironically, the Mac 7 has been, year to date, being the losers within tech. I mean, the winners by by long stretch have been semiconductor stocks, memory stocks, and like key critical components of the build out of data centers. They have been by far and away the biggest outperformers this year.”
“And stocks like Micron and, uh, Sandisk and, uh, you know, applied materials have been massive contributors to the year-to-date performance of the index. So, you know, if you look at the Mac 7 stocks, there's probably, there are probably not many that are actually up year to date. Most of them are down.”